This property is Off-Market
100 Walker Park Drive
Monroe, GA 30655 ·
9,014 SF · Retail For Sale
|Price||N/A||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Building Size||9,014 SF||Cap Rate||7.75%|
|Property Sub-type||Free Standing Bldg||Tenancy||Single|
|Listing ID: 17466530||Date Created: 12/28/2011||Last Updated: 05/02/2012|
The subject offering is a brand new, absolute triple-net leased Dollar General store with a 15-year lease term and four five-year options. Located in Monroe, Georgia, the building is well positioned on a 1.19 acre corner site. The building is fully constructed, and Dollar General is installing its furnishings, fixtures, and equipment. Anticipated first rent payment is February 1, 2012.
The 15-year triple-net corporate-lease structure provides an investor with zero landlord responsibilities, while benefiting from rent escalations in year 10 and in each of the options. The guarantee is from Dollar General corporate, a growing Fortune 500 company, with over $13B in revenue, and 37 percent growth since the Great Recession began. Dollar General was recently upgraded to BB+ by Standard & Poors.
Please fill out the attached confidentiality agreement. Thank you.
Neighboring properties include a nursing home, large church, a public school, a fire station, and a school bus maintenance center. These properties provide a constant source of Dollar General patrons who will have the opportunity to purchase their groceries during their work breaks, while waiting for their children to get out of school, or after leaving religious services.
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